Word: swiss
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Dates: during 1960-1969
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...point, an outraged swordfish attacked the underwater craft; another time, a monstrous 30-foot jellyfish with four-inch-thick tentacles loomed alongside. Those were only two of the incidents that famed Swiss Explorer Jacques Piccard and his crew of scientists had to report when their 50-foot submarine Ben Franklin surfaced off Nova Scotia after a 31-day, 1,650-mile drift up the Atlantic coast in the Gulf Stream. Piccard and his five companions spoke of massive undersea waves caused by the swirling of the Gulf Stream's powerful current around uncharted "hills" on the ocean floor. Their...
...chess tournament was played in five rounds. The Swiss system was used whereby players are matched in each round to opponents who have the same records in previous rounds. The winner of the first place prize was Sandy Zabell who won all five of his matches. Herbert Kirst won the second place prize of $5, winning four of his five matches. In a four-way tie for third place were Clark Slemon, Julio Burunat, Chuck Scappaticci, and Jonathan Gray...
Perhaps the biggest surprise was Silvio Varviso, the Swiss conductor, who has had only modest success during his Metropolitan Opera performances. Jolted into inspiration by Everding's forceful approach, he evoked from Wagner's score its powerful suggestions of the Ring to come...
Pride and Profit. TIME'S European Economic Correspondent Robert Ball has pieced together an explanation. Most of the gold, Ball reports, has been flown to Switzerland and bought by three banks: Credit Suisse, Union Bank and Swiss Bank Corp. Motivated by pride and profit, the three banks formed a syndicate a year ago and began to buy newly mined South African gold. They wanted Zurich to challenge London's position as the leading gold market, and they also figured to sell the gold at a lucrative markup. By carefully controlling their marketing practices, they could keep the free...
Opposition is formidable. Common Market officials fear that frequent changes in the value of the Market's six currencies would wreck their system of uniform farm prices. Some German and Swiss bankers argue that the crawling peg would depress international trade and investment by creating uncertainty as to what any currency would be worth in the future. Supporters reply that under the present system, threats of large devaluations or revaluations create even greater uncertainty-and that all too many governments depress trade by imposing controls on the movement of goods and capital in order to preserve unrealistic exchange rates...